Question

what is the relationship between price and demand​

Answer 1

Answer:

Inverse Relationship of Price and Demand

Thus, the price of a product and the quantity demanded for that product have an inverse relationship, as stated in the law of demand. An inverse relationship means that higher prices result in lower quantity demand and lower prices result in higher quantity demand.

Explanation:

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Answer 2

Answer:

Inverse Relationship of Price and Demand

Thus, the price of a product and the quantity demanded for that product have an inverse relationship, as stated in the law of demand. An inverse relationship means that higher prices result in lower quantity demand and lower prices result in higher quantity demand.

Explanation:

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